Green Thumb Industries Gets Maximum 5 Dispensary Locations in Ohio

Green Thumb Industries (CSE: GTII) announced on June 12th that the company has been awarded five dispensaries licenses by the Ohio State Board of Pharmacy. This is currently the maximum number of licenses held by one entity. The total number of applicants totaled to 375 and only 56 licenses were awarded.

Green Thumb will open five dispensary locations in Northern Ohio. Two locations will be opened in the populated Lakewood, Ohio area.

Risk of Prosecution for Marijuana-Related Companies. If you are considering investing in a company that is connected to the marijuana industry, be aware that marijuana-related companies may be at risk of federal, and perhaps state, criminal prosecution. The Department of Treasury recently issued guidance noting: “ The Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana. Many states impose and enforce similar prohibitions. Notwithstanding the federal ban, as of the date of this guidance, 20 states and the District of Columbia have legalized certain marijuana-related activity.”